Wire Fraud, Securities Fraud Convictions In Advance-Fee Scheme Upheld On Appeal

Mealey's (March 26, 2021, 12:56 PM EDT) -- SAN FRANCISCO — In an unpublished memorandum opinion, a Ninth Circuit U.S. Court of Appeals panel on March 24 affirmed a Nevada federal court’s criminal conviction of two men alleged to have participated in an advance-fee investment scheme, ruling that the jury instruction used for one of the men was not fatally flawed and the evidence provided at trial supported the jury’s finding of the existence of an investment contract supporting the men’s securities fraud convictions....